Nvidia’s upcoming GPU Technology Conference (GTC) is generating excitement as analyst Jeff Pu from GF Securities remains optimistic about the company’s future. Pu raised his price target on NVDA stock to $295, citing strong near-term quarters and product advancements. Nvidia recently delivered impressive financial results with revenue reaching $57 billion and EPS rising to $1.30. The company’s cash flow remains healthy, and it has outperformed earnings expectations for nine consecutive quarters. Analysts have a “Strong Buy” consensus rating on NVDA stock, with a mean target price of $255.55, indicating potential upside of 30%.
The next GTC event, scheduled for March 16-19 in San Jose, California, is highly anticipated by investors. Nvidia’s last major GTC in 2025 introduced the Blackwell Ultra GPU and the Rubin architecture, setting a multi-year growth trajectory. At the upcoming conference, investors are looking for updates on “Agentic AI” monetization and the Vera Rubin architecture launch. Analysts expect the event to showcase Nvidia’s dominance in the reasoning market and provide a strong sales outlook for 2026-2027. If Nvidia demonstrates the ability to maintain mid-70% gross margins, it could drive NVDA stock higher. 1. The stock market reached record highs today, with the S&P 500 closing at an all-time high of 4,300 points. This surge is attributed to strong earnings reports from major tech companies like Apple and Amazon, which saw their shares increase by 5% and 7% respectively.
2. In international news, a ceasefire was declared in the conflict between Israel and Hamas after 11 days of intense fighting. The agreement was mediated by Egypt and comes after the violence resulted in over 250 deaths, mostly Palestinians. Both sides have agreed to halt hostilities and work towards a lasting peace agreement.
3. The United States announced a new infrastructure plan totaling $2 trillion, aimed at rebuilding the country’s roads, bridges, and public transportation systems. The plan also includes investments in clean energy, broadband expansion, and affordable housing. President Biden is confident that this initiative will create millions of jobs and stimulate economic growth.
4. Scientists have identified a new variant of the coronavirus in India, known as the Delta variant. This strain is believed to be more contagious and may evade immunity from previous infections or vaccines. Health officials are closely monitoring the situation and urging people to continue following safety protocols to prevent the spread of the virus.
5. The European Union has approved the use of the Pfizer-BioNTech vaccine for children aged 12-15, making it the first COVID-19 vaccine authorized for this age group in the EU. This decision comes after clinical trials showed the vaccine to be safe and effective in adolescents, providing hope for a return to normalcy for younger populations.
Read more at 1. U.S. stocks close higher as tech shares rally – Barchart
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3. Oil prices surge on higher demand and supply concerns – Barchart
4. Tesla announces plans for new electric vehicle model – Barchart
5. Federal Reserve announces interest rate hike – Barchart: Should You Buy Nvidia Stock Before GTC 2026? This Analyst Thinks So.